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Oct 2, 2012
10/12
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steve in california, steve? >> caller: sunny california beach boo-ya to you from california. >> well, you've got the edge on me. >> caller: right on highway 1. >> all right. >> caller: news corp, they're going to be splitting up maybe. hear that might be a publishing side and entertainment side -- >> 30 bucks, 30 bucks. that's where stephanie link and i think it is headed. she's co-portfolio manager with me. we think there's a $30 number that comes when you break that into the pieces. it's a win. do you yahoo!? i think ceo marisa mayer is what yahoo! needed. i think she has what it takes to turn this company around. particularly when it comes to unlocking value. and the sum of its parts. congratulations, marisa. stay with cramer. >>> coming up, industrial strength, prologis is at the center of the global supply chain. operating a portfolio of distribution centers, warehouses and commercial real estate around the world. tonight, cramer is talking to the ceo to get a real read on the economy. >>> it is time, it's
steve in california, steve? >> caller: sunny california beach boo-ya to you from california. >> well, you've got the edge on me. >> caller: right on highway 1. >> all right. >> caller: news corp, they're going to be splitting up maybe. hear that might be a publishing side and entertainment side -- >> 30 bucks, 30 bucks. that's where stephanie link and i think it is headed. she's co-portfolio manager with me. we think there's a $30 number that comes when you...
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Aug 3, 2012
08/12
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let's go to ed in california. >> this is ed from the rural mountains of northern california. >> i have been there maybe like mount shaster. >> about 30 minutes north. >> beautiful. what's up? >> on yesterday's show you discussed the fed meeting and if i heard you correctly you stated this was a nonevent meeting and the interest rates would stay at these levels. if that is the case i would own in your thought and efforts about researching. i have owned it about the last 18 months and it is yielding 12.6%. do i hold? >> people are worried that annaly will have prepayment risks. people pay down the mortgages. you are in it for the long term. that company has kicked back more capital with share holders than almost any capital i have seen. i say stick with annaly. this market is precarious. i got to ask you a question. why would you layer on more risk? use this test. use the knight capital clorox test. look for consistency. look for kingsfords and kitty litter. don't look for one more brokerage. begins with back pain and a choice. [ male announcer ] this is anna, her long day teaching the p
let's go to ed in california. >> this is ed from the rural mountains of northern california. >> i have been there maybe like mount shaster. >> about 30 minutes north. >> beautiful. what's up? >> on yesterday's show you discussed the fed meeting and if i heard you correctly you stated this was a nonevent meeting and the interest rates would stay at these levels. if that is the case i would own in your thought and efforts about researching. i have owned it about the...
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Jun 20, 2012
06/12
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i'm going to rex in california. >> caller: boo-yah, jim. rex from palm strings. the similar boep bowl is bbep. >> no, i go to better growth products. >> caller: boo-yah. >> nice. boo-yah back. >> caller: florida boo-yah. i want to know agmc, american capital agency? >> it's okay, but they said they kept the distribution only at 17. let's go to joe in ohio. joe. >> caller: hey, jim. i want to thank you for such a great show that you've given us, and i think it's been a wonderful invention. my question is tractor supply. >> this is the short sellers. i think the business model is good and i know the stocks come down a lot but it's a fine growth shop and i stick by tractor supply. i need to go to johnny in california. johnny. >> caller: boo-yah, jimmy! >> what's up? >> caller: i just got married and i'm setting up my i.r.a. would you recommend me taking cm wear or emc. >> i prefer emc. a little less wild, a little less crazy. big data is something that a lot of oracle calls. i want to by e emc. lee in pennsylvania. >> caller: how are you? >> all right, lee. how abou
i'm going to rex in california. >> caller: boo-yah, jim. rex from palm strings. the similar boep bowl is bbep. >> no, i go to better growth products. >> caller: boo-yah. >> nice. boo-yah back. >> caller: florida boo-yah. i want to know agmc, american capital agency? >> it's okay, but they said they kept the distribution only at 17. let's go to joe in ohio. joe. >> caller: hey, jim. i want to thank you for such a great show that you've given us, and i...
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Sep 21, 2012
09/12
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california's general fund is up, and you're also seeing situations where states are sitting down with unions and really working out new ways of working out pensions. that's good to help right now regardless. >> this what do you see for demand for munis? >> it's rising. issuance has been really strong. >> to what do you attribute this? >> after-tax yields and even before-tax yields on municipal bonds are still some of the highest rates that we've seen. so one of the things that we look at is the taxable-to-tax-free ratio, and you can get well over 100% of a taxable investment when you invest in a municipal bond without fact oregon in you'll pay a state tax or even a local tax on a taxable investment. issuers are coming to market because rates are low, and people are still looking to v.money in that. >> there's still a feeling that this is a safe area of the market. >> definitely, and i think that people are looking at investment grade still. most individual investors are investing through funds or through separately managed accounts or through etfs and that's really where i do recommen
california's general fund is up, and you're also seeing situations where states are sitting down with unions and really working out new ways of working out pensions. that's good to help right now regardless. >> this what do you see for demand for munis? >> it's rising. issuance has been really strong. >> to what do you attribute this? >> after-tax yields and even before-tax yields on municipal bonds are still some of the highest rates that we've seen. so one of the...
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Aug 15, 2012
08/12
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they need supply, which means profits for the california and florida-centric home builders. let's go aisle to aisle. craig lanier, these people you count on for all these conference calls. he's giving us the store map to give us the hot spots. lumber, kitchen, appliances, paint, tools, bath, flooring, plumbing. the company got double digit positive numbers, more than 10% year over year. painting, carpet, doors, locks, wood flooring. before we start buying, though, we have to do one more field check and that's whether home depot is going to be ordering again. what does it mean if they have the stuff in their stores. it's not going to help the companies. do they need more supplies? there the answer is a resounding yes. we know for two reasons. one, they give you some granularity of how each month was, and the last month, july, was the strongest month. and the company makes it clear that the inventories are nice and lean, therefore, they haven't overordered so they will have to order as the july strength keeps pace. so let's go through our shopping list. to me when i hear floor
they need supply, which means profits for the california and florida-centric home builders. let's go aisle to aisle. craig lanier, these people you count on for all these conference calls. he's giving us the store map to give us the hot spots. lumber, kitchen, appliances, paint, tools, bath, flooring, plumbing. the company got double digit positive numbers, more than 10% year over year. painting, carpet, doors, locks, wood flooring. before we start buying, though, we have to do one more field...
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May 31, 2012
05/12
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hey, let's go to phyllis in california. phyllis. >> caller: hello, jim. >> yo-yo, phyllis. >> caller: i'm phyllis from sunny san diego. >> i love that. geez, the padres. easy outs. what's up? >> caller: where do you get your energy, jim? >> i get it from my dad and i've got to tell you something, i am really raring to go today. so let's go to work. >> caller: my five are aapl, apple. >> apple. >> caller: abt, abbott labs. csco, cisco. m.e.t., metropolitan life. and sre, sempra energy. what do you think? >> san diego energy company. whoa, whoa, whoa. all right. let's go to work here. phyllis has got a real interesting portfolio. first metlife, terrific insurance company. not my favorite. if i want a pure insurer i'm going to go for aig. sempra energy, great utility with a 4% yield. don't have that. cisco, not my favorite tech. abbott labs splitting into two, fabulous dividend record, definitely a keeper. charitable trust name. apple a charitable trust name. we've got a tech, insurance, energy, drugs, and another tech! no, we
hey, let's go to phyllis in california. phyllis. >> caller: hello, jim. >> yo-yo, phyllis. >> caller: i'm phyllis from sunny san diego. >> i love that. geez, the padres. easy outs. what's up? >> caller: where do you get your energy, jim? >> i get it from my dad and i've got to tell you something, i am really raring to go today. so let's go to work. >> caller: my five are aapl, apple. >> apple. >> caller: abt, abbott labs. csco, cisco....
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Oct 24, 2012
10/12
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jon fortt who somehow beat me back from california. he's here in the studio today. he's got a first on cnbc interview with mike ballmer, microsoft's ceo, tomorrow morning on "squawk box." >>> on street signs, another great show, we're talking about the housing hopium. we've been right. herb, how can you capitalize is our question here. >>> also ahead, brooklyn is getting yet another professional sports team. we're about to talk about that big news with the woman who helped make the new barclays center in brooklyn a reality. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great
jon fortt who somehow beat me back from california. he's here in the studio today. he's got a first on cnbc interview with mike ballmer, microsoft's ceo, tomorrow morning on "squawk box." >>> on street signs, another great show, we're talking about the housing hopium. we've been right. herb, how can you capitalize is our question here. >>> also ahead, brooklyn is getting yet another professional sports team. we're about to talk about that big news with the woman who...
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Jun 12, 2012
06/12
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john in california. >> caller: boo-yah, jim. this is john from southern california. my stock is nokia. i just wanted to get your opinion. >> chief, there is nothing there. nothing at nokia. every day, jim, isn't samsung going to buy -- i must have had half a dozen people say they're buying it. it is finnish. the finns won't let you buy nokia. john in florida. >> caller: hi, jim. international gaming technology, igt. >> i'm done with it. we don't need that company. if you need to have a casino, las vegas sands. right now you don't need a casino play. ally in new jersey. >> caller: hi, jim. first time caller. >> how are you? >> caller: my stock is black & decker. >> it should be higher. it has some european exposure which is why i had to bolt my charitable trust. even though it's terrific. why? it's got too much europe and no one wants any europe. now i'm going to johnny in texas. >> caller: jim. >> yeah. >> caller: a texas boo-yah. how about f.u.n.? >> one of the ways to have fun is to own f.u.n. we have recommended it repeatedly. it still has a 6% yield. i think buy
john in california. >> caller: boo-yah, jim. this is john from southern california. my stock is nokia. i just wanted to get your opinion. >> chief, there is nothing there. nothing at nokia. every day, jim, isn't samsung going to buy -- i must have had half a dozen people say they're buying it. it is finnish. the finns won't let you buy nokia. john in florida. >> caller: hi, jim. international gaming technology, igt. >> i'm done with it. we don't need that company. if you...
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Mar 2, 2012
03/12
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let's go to frank in california. frank. >> caller: boo-yah, mr. jim. frank from california. thank you for the show. i'm looking at applied materials, amat, torn between -- >> no, no. look but don't pull the trigger. applied materials made a solar bet. that turned out to be not so great. their regular equipment is just okay. i like the semiconductors, but that yield is not that high. i say ixna on that, and that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] >> the lightning round is sponsored by td ameritrade. >> they bumped off shattner faster than you can put in the mind-controlling ear wig in the ear. by far the best in the star trek line. >> khan! >> remember, shattner's nickname was -- ♪ priceline negotiator >> it's what he would have wanted. >> bubbles, someone has to be blowing bubbles the whole time. it's got to be a bubble, doesn't it? through bubbles. bubble-icious to the extreme. what about some of the interns back there. is all of this bubble speak is merited? yeah. bubbles. ♪ >> hey, under armour. >> i am -- then again, i'm a pro
let's go to frank in california. frank. >> caller: boo-yah, mr. jim. frank from california. thank you for the show. i'm looking at applied materials, amat, torn between -- >> no, no. look but don't pull the trigger. applied materials made a solar bet. that turned out to be not so great. their regular equipment is just okay. i like the semiconductors, but that yield is not that high. i say ixna on that, and that, ladies and gentlemen, is the conclusion of the lightning round. [...
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Nov 2, 2012
11/12
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help on the way from the west coast, from california. dozens of power trucks loaded on to giant air force cargo planes to help with power restoration. those things amazingly flying across the country all the way from california. the situation remains desperate in many neighborhoods in the tri-state area. these are pictures from this morning on staten island. there is virtually no power on the island. destruction is widespread. the secretary of homeland security janet napolitano will visit today. staten island is where the new york marathon will start on sunday. more subway service returning to manhattan, but not below 42nd street where power is still out in wide parts of the city south of that parallel. city officials say they may have to evacuate the marine life from the massive new york city aquarium based in brooklyn. the death toll from the storm nearing the 100 mark. despite the damage in atlantic city, that town's famous casinos are open again and they are conflicting reports about when power will be restored in manhattan. hundreds
help on the way from the west coast, from california. dozens of power trucks loaded on to giant air force cargo planes to help with power restoration. those things amazingly flying across the country all the way from california. the situation remains desperate in many neighborhoods in the tri-state area. these are pictures from this morning on staten island. there is virtually no power on the island. destruction is widespread. the secretary of homeland security janet napolitano will visit...
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Mar 1, 2012
03/12
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nathan in california. you're our first caller. what have you got for me? >> caller: boo-yah to ya, cramer. >> sweet. >> caller: i've got caterpillar, alcoa, american capital agency, morgan stanley, and waste management. am i diversified, cramer? >> it's killing me. anyway, we've got morgan stanley, a financial, waste management, garbage disposal, american capital, that's a financial reit doing well and we have an industrial. we have an industrial, a financial, the waste, you know, no, that's machinery and that's finance. that's perfect and you've got yield coming to you too for waste. how about jeff in florida, please? jeff? >> caller: hi, jim, big warm boo-yah from florida. >> all right, sunshine, hit me. >> caller: i've got 15% in gld, my top five stocks above that are disney, etp, 3m, n.a.t., and slrc, solar capital. >> oh, really? boy, you've got some good ones. you've got good yield. gld down hideously today. we let it settle and do some buying for those who don't have -- who need to get up in the position because it's been a great win, it's not going
nathan in california. you're our first caller. what have you got for me? >> caller: boo-yah to ya, cramer. >> sweet. >> caller: i've got caterpillar, alcoa, american capital agency, morgan stanley, and waste management. am i diversified, cramer? >> it's killing me. anyway, we've got morgan stanley, a financial, waste management, garbage disposal, american capital, that's a financial reit doing well and we have an industrial. we have an industrial, a financial, the waste,...
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Mar 3, 2012
03/12
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ronald in california. ronald. >> caller: boo-yah, jim, from california. >> good to have you. >> caller: what do you think of boardwalk pipeline -- >> oh, jeez. of all the stocks we talked about today, that's the one that's the best. it's got a good yield. it's a very solid company. i have known it for many years. i was buying it aggressively here. let's go to louis in north carolina. louis. >> caller: boo-yah, jim. >> boo-yah. >> caller: from the home state of the tar heels and the blue devil, how are you? >> love the blue devils. i'm doing good. how are you, chief? >> caller: fantastic. i need your opinion on the management on the one or two-year lease on this company, lincoln national, lnc. >> i got the same feeling about the lincoln national that i have about the eagles right now, which is like, you know what, wait till next year. i don't like the lincoln national management. they still think that we're not good and i'm not sure that you want to play. you want safety in insurance. go to travelers. let's
ronald in california. ronald. >> caller: boo-yah, jim, from california. >> good to have you. >> caller: what do you think of boardwalk pipeline -- >> oh, jeez. of all the stocks we talked about today, that's the one that's the best. it's got a good yield. it's a very solid company. i have known it for many years. i was buying it aggressively here. let's go to louis in north carolina. louis. >> caller: boo-yah, jim. >> boo-yah. >> caller: from the home...
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Feb 22, 2012
02/12
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let's go to jesse in california. >> caller: boo-yah, jim. hey, what are your thoughts on rr donnelly and sons? >> driving on 684 this weekend coming from boston. i see a plant and i say i'm going the look into that company and see if there is anything there. there is nothing there. this is a company that literally is a commercial printing company and there is not a lot of commercial printing to go around! i want you to sell. mike in illinois. >> caller: boo-yah, jim. if i buy hanes brands, will i like them? >> no. there are so many good apparel companies. ralph lauren pulling back. those are all superior. stick to best in breed. jackie in new york. jackie. >> caller: boo-yah, jim. this is jackie in brooklyn heights. first-time caller. >> brooklyn heights. i used to live there! >> caller: really? >> yeah. what's up? >> caller: we would like your opinion on regeneron pharmaceuticals. >> a lot of talk that there's new inflammation problem with this drug. until we get that clarified we will let the stock come down. a monster win here. we don't w
let's go to jesse in california. >> caller: boo-yah, jim. hey, what are your thoughts on rr donnelly and sons? >> driving on 684 this weekend coming from boston. i see a plant and i say i'm going the look into that company and see if there is anything there. there is nothing there. this is a company that literally is a commercial printing company and there is not a lot of commercial printing to go around! i want you to sell. mike in illinois. >> caller: boo-yah, jim. if i buy...
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Oct 9, 2012
10/12
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david einhorn last week shorted chipotle, but the chain has a large exposure in california and a devoted following. >> chipotle is incredible. all organic. >> better ingredient. >> what change i would make to chipot chipotle? i would get bacon for the burr receipt snows. >> my family and friends eat at chipotle, they got me onto t. >> yes, all that's missing is bacon in the burritos. duncan and mcdonald's are at risk, believing both had a slow down in same-store sales for q 3. they expect that to continue in the fourth quarter and the perhaps beyond with tough costs. and then this eye-popping line, guys you can goldman thinks the outlook is better for casual dining chain like cheesecake, citing "lower food costs." yes, simon, it says lower food costs here. i haven't seen that line in a while. back to to you. >> no, jane. we should mention alcoa, of course, also reporting tonight. >>> to housing, sales are up. we know prices are up and mortgage rates are also at record lows but what about the overhang of foreclosures in housings? questions about appraisals and whether, of course, credit a
david einhorn last week shorted chipotle, but the chain has a large exposure in california and a devoted following. >> chipotle is incredible. all organic. >> better ingredient. >> what change i would make to chipot chipotle? i would get bacon for the burr receipt snows. >> my family and friends eat at chipotle, they got me onto t. >> yes, all that's missing is bacon in the burritos. duncan and mcdonald's are at risk, believing both had a slow down in same-store...
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Aug 7, 2012
08/12
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will mentioned he sees more of this in southern california. as you look throughout the state, do you see others like this throughout the state? >> i think it's a potential. and i think what the reason why there is a potential is because of governor brown pulling out the redevelopment money out from under the agencies. i think that was a slush fund in case they needed extra money. i have not heard people due out 30 and 40 years, maybe just five to ten years. and there's a sequence of payoffs. >> the school district that agreed to these bonds, were they naive, foolish, or didn't care, which did you think it snfs. >> i think naive and foolish. >> will? >> i think they wanted to meet their promise to the taxpayers which is we're not going to increase your taxes, and they did that, right? are they foolish? one of my sources said these are either the smartest guys in the world or they will cause immense problems. it's one of the two extremes. >> a fascinating story, thank you all. >>> apparently there is some money in san diego, an investor group in
will mentioned he sees more of this in southern california. as you look throughout the state, do you see others like this throughout the state? >> i think it's a potential. and i think what the reason why there is a potential is because of governor brown pulling out the redevelopment money out from under the agencies. i think that was a slush fund in case they needed extra money. i have not heard people due out 30 and 40 years, maybe just five to ten years. and there's a sequence of...
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Oct 29, 2012
10/12
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it is a california based utility. they're in northern and central california so they don't have to worry as much about any kind of storm impact obviously here. there is a pg and e which is the east coast one, different company. so watch -- or sse and g. watch pg&e when we open up wednesday, hopefully thursday. >>> moving along to burger king, revenues were hurt. we've heard this refrain many times this earnings season by a stronger dollar. these multi-nationals are getting slammed by a stronger dollar. do you get more pang for your buck? >> not apparently with the dollar -- maybe you do. >>> third quarter net income fell 83% or 2 cents per share compared to 11 cents per share last year. adjusted results topped expectations. much of the revenue hit came from selling company owned stores. back to franchisees. herb greenberg who is apparently going to call in to the show will have more on the dividend angle of burger king. l >>> keep an eye on four guys. they are planning to release their earnings tomorrow as scheduled.
it is a california based utility. they're in northern and central california so they don't have to worry as much about any kind of storm impact obviously here. there is a pg and e which is the east coast one, different company. so watch -- or sse and g. watch pg&e when we open up wednesday, hopefully thursday. >>> moving along to burger king, revenues were hurt. we've heard this refrain many times this earnings season by a stronger dollar. these multi-nationals are getting slammed...
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Dec 8, 2012
12/12
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let's go to bob in california, please, bob. >> caller: boo-yah, jim. >> boo-yah, bob. >> caller: what's wrong with fan, it's down again today after their decent earnings report. is there a possible the new ceo's performance causing a wait and see attitude in spite a spectacular performance in sales and profits? unusual in many retail stocks to see many new store openings and healthy profits going on simultaneously. fran seems to be able to do it. >> i know. you know what? here's what we're going to do with fran, because i read the numbers, like you, i saw -- because i wasn't on the conference call. but i read the numbers. i said better than expected top line, better than expected earnings. how much will the stock be up? and the stock was down. what that means is i owe you an explanation and i will come up with one for fran next week. hope for the best. but when you're dealing with washington, prepare for the worst. pay close attention to the talk shows on sunday and the roundup monday. if only washington would listen. here's my call to you. no vacation without legislation. "mad money" w
let's go to bob in california, please, bob. >> caller: boo-yah, jim. >> boo-yah, bob. >> caller: what's wrong with fan, it's down again today after their decent earnings report. is there a possible the new ceo's performance causing a wait and see attitude in spite a spectacular performance in sales and profits? unusual in many retail stocks to see many new store openings and healthy profits going on simultaneously. fran seems to be able to do it. >> i know. you know...
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Dec 5, 2012
12/12
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a southern california port strike is costing $1 billion a day. they are turning down $190,000 salaries. here is the question, will the president end this strike? and tens of thousands of egyptians storming the palace. is egypt about to blow up into a civil war. did president obama disspeaker john boehner in a comment today. >> on the conservative side of the republican party today. with senator demint speaking on the idea that $800 billion of tax increases were offered. but he got the backing of mitch mcconnel. take a listen to what he had to say. >> i think it sis important tha the house leadership is trying to mov move it forward. i had hoped that we would be accomplishing more in the real talks. but i can tell you, there is nothing going on privately that is not going on publicly. even as he has to deal with this rebellion. he has to deal with democrats and harry reid's comments today give you a sense of where they are coming from. >> they have to come up with specific revenue. and they refuse to do that. it is a simple question of arithmetic.
a southern california port strike is costing $1 billion a day. they are turning down $190,000 salaries. here is the question, will the president end this strike? and tens of thousands of egyptians storming the palace. is egypt about to blow up into a civil war. did president obama disspeaker john boehner in a comment today. >> on the conservative side of the republican party today. with senator demint speaking on the idea that $800 billion of tax increases were offered. but he got the...
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Feb 27, 2012
02/12
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california gas is special, reformulated, costs more to refine, one reason. we talked to commuters on both coast, you will hear sky letter stone filling up from l.a. this couple from the bronx, who spent $70 a week per car. >> they say it is going to up to five bucks by the summer. >> we are going to have to start riding a bike. you know it is really bad. you know, and with this recession, it's not any better, you know? >> it is pilot season, guy out for so many auditions a day, probably like, geez, i fill up three times a week now. >> how much is it costing you? >> $75. >> oh, my god. >> looking at 225 a week. yeah. >> how can you afford that? >> i'm awesome. >> of course the first guy we run into is an actor. he also says one of the good things about living in california is his heating bill this year is practically zero, that is a difference. i know it has been mild back east but still having to pay heating oil, futures up 12%. my friend sharon epperson says paying 40% more heating oil because she locked in 2011 at the low. maybe it saul a wash, mandy. pay
california gas is special, reformulated, costs more to refine, one reason. we talked to commuters on both coast, you will hear sky letter stone filling up from l.a. this couple from the bronx, who spent $70 a week per car. >> they say it is going to up to five bucks by the summer. >> we are going to have to start riding a bike. you know it is really bad. you know, and with this recession, it's not any better, you know? >> it is pilot season, guy out for so many auditions a...
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Sep 1, 2012
09/12
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michelle in california. >> caller: hey, jim. my question is as a young investor is it better to focus on long-term or short-term buys. >> young investor has an opportunity someone like me will not get again. that is they have their whole lives ahead, paycheck after paycheck. my paychecks will stop. closer than someone young. you can make mistakes because you can earn the money back. later on people can't make mistakes. you want to take a long-term view but you want risky stocks. if they don't work out you can make it back with your paycheck. carol in california, please. >> caller: hi, jim. this is carol. boo-yah from northern california. >> boo-yah back. >> caller: i have a question. i want to thank you so much for all your help with small scale investors. >> thank you. >> caller: along those lines, why is it that when a stock becomes very pricey they don't consider splitting it so ordinary investors can risk buying shares? >> it's funny. i did a whole series of articles. i did a piece on this where i blogged saying, you know, i
michelle in california. >> caller: hey, jim. my question is as a young investor is it better to focus on long-term or short-term buys. >> young investor has an opportunity someone like me will not get again. that is they have their whole lives ahead, paycheck after paycheck. my paychecks will stop. closer than someone young. you can make mistakes because you can earn the money back. later on people can't make mistakes. you want to take a long-term view but you want risky stocks. if...
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Oct 6, 2012
10/12
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chevron had a fire at their northern california refinery. and then exxon had a power outage at their one in torrance, california, and that has put a lot of pressure on the gasoline markets here because you can't make california gasoline at every refiner. that sets up very well for those that can like valero and tesoro. valero has two big refiners out here. one is in the oakland area at the bellissimo plant, and another down in southern california. they do about up to 300,000 barrels day. this is really a great tailwind for them. i actually did a little back of the napkin. i think this probably adds something like $600,000 a day in profit to valero's bottom line based on about 275,000 barrels a day of production out of those two refineries. you know, the other thing is this company's really cheap. i mean it's trading at about 7 1/2 times full year earnings, 4 1/2 times on the ebitda basis, but i don't tell people to buy stocks that are up 60%. so we're going to have to look for a better way to do it. >> all right. so mike obviously is bullish
chevron had a fire at their northern california refinery. and then exxon had a power outage at their one in torrance, california, and that has put a lot of pressure on the gasoline markets here because you can't make california gasoline at every refiner. that sets up very well for those that can like valero and tesoro. valero has two big refiners out here. one is in the oakland area at the bellissimo plant, and another down in southern california. they do about up to 300,000 barrels day. this...
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Sep 24, 2012
09/12
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for example, we know that california is one area that's obviously struggling, and yet california is issuing bonds today. are you recommending avoiding california? >> i'm not talking -- i'm interested in equities. i don't care about -- i mean, the municipal bond market is going to have defaults. they're happening. it's a fact. it's going to happen. that was never the focus of my work. the focus of my work is where do you want to invest over the long term? states like california you see have not only -- let me give you an example. the real estate dependent states, arizona, california, nevada, were outperforming the central quarter states by a factor of 20% from 2000 to 2008. now they're underperforming by a factor greater than three times. you could say those states are effectively dead in terms of contribution to the overall u.s. economy. but states from north dakota down to texas over to colorado that are thriving. you see certainly logistics companies there, manufacturing companies there, transportation companies there, health care, education stocks there, versus all of the inverse for cal
for example, we know that california is one area that's obviously struggling, and yet california is issuing bonds today. are you recommending avoiding california? >> i'm not talking -- i'm interested in equities. i don't care about -- i mean, the municipal bond market is going to have defaults. they're happening. it's a fact. it's going to happen. that was never the focus of my work. the focus of my work is where do you want to invest over the long term? states like california you see...
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Aug 23, 2012
08/12
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mostly in colorado, now california where we have ten fires burning, most serious one in northern california where nbc has an update. >> good afternoon. the ponderosa fire here in northern california charred some 28,000 acres. this blaze, though, roughly 57% contained. and while crews are certainly making progress on the front lines several homes are still threatened. 900 properties are still in danger. as nearly 70 have been destroyed. the big concern today is going to be those winds. firefighters are hoping to make a stand near the town of mineral where the latest evacuations could come. some homeowners allowed back in to the homes. they're no longer in threat as the fire shifts to mineral. going to be a busy and very long and hot day here on the fire lines. jane? >> reporter: thank you. here's the financial disaster. california infamous for the budgeting is inconsistently underestimated every year what it needs to fight fires. take a look at this graphic here. over last five years, since 2007, there's been one season where they have had enough money. the state cost in 2007, epic fire seas
mostly in colorado, now california where we have ten fires burning, most serious one in northern california where nbc has an update. >> good afternoon. the ponderosa fire here in northern california charred some 28,000 acres. this blaze, though, roughly 57% contained. and while crews are certainly making progress on the front lines several homes are still threatened. 900 properties are still in danger. as nearly 70 have been destroyed. the big concern today is going to be those winds....
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Nov 3, 2012
11/12
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daryl in california, please. >> caller: booyah, jim cramer. i have a question what is meant by a reverse split stock? >> that means if there's a million shares let's say they do a three to one, make to it 300,000 shares. what is typically done, citi group did one of these. what it does, if you have like 300 billion shares you divide it by three, you got 100 billion. it does raise the price but it's illusory. you just have fewer shares. tyler in florida. >> caller: jim i'm going to give you a south florida booyah. >> i'll take that. i need to go there now always >> caller: sun is shining. actually it's overcast. but quick question for you. when you talk about the economy really booting off again it seems like you talk about it in terms of consuming and not producing. i'm thinking from the way i think about it you need something to be produced before it's consumed. i'm wondering why in terms of a growing economy you talk about consumption instead of production. that's what it seems like to me. >> i do. because in order to be able to raise price
daryl in california, please. >> caller: booyah, jim cramer. i have a question what is meant by a reverse split stock? >> that means if there's a million shares let's say they do a three to one, make to it 300,000 shares. what is typically done, citi group did one of these. what it does, if you have like 300 billion shares you divide it by three, you got 100 billion. it does raise the price but it's illusory. you just have fewer shares. tyler in florida. >> caller: jim i'm...
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Sep 25, 2012
09/12
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of california a little bit. prop 30, we're going to have on the ballot in november. a tax on the wealthiest californians. i think it tops out at 12.3% for individuals making more than a half million dollars. is that going to really helm turn this thing around, or is it growth that's going to have to come and do that? >> well, you've got to have both. and we're getting growth. california the last 12 months has grown 50% faster than in the nation as a whole. so we're coming back, but we got into a big hole here with the mortgage meltdown. and proposition 30 is pretty simple. those who have been most blessed, people making a million, five million, we're asking them to pay 1%, 2%, or 3% more on their income tax and that money goes into the schools. our schools have been devastated over the last five years. we've cut 30,000 teachers, we're cutting librarians, counselors. we want to go forward. we want to take some money temporarily, seven years, put it into the classroom. that's proposition 30. i've looked at it, i t
of california a little bit. prop 30, we're going to have on the ballot in november. a tax on the wealthiest californians. i think it tops out at 12.3% for individuals making more than a half million dollars. is that going to really helm turn this thing around, or is it growth that's going to have to come and do that? >> well, you've got to have both. and we're getting growth. california the last 12 months has grown 50% faster than in the nation as a whole. so we're coming back, but we got...
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Nov 14, 2012
11/12
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today, california is set to unveil a new attempt to limit greenhouse gases. the state is going to be holding its first sale of carbon emissions permits. experts say it's a landmark experiment that california hopes will serve as a model for other u.s. states and the federal government. a new survey finds that families are at odds over financial planning. fidelity investments finds that sharply conflicting expectations between older parents and their adult children. among the survey results. 24% of adult children expect they will have to help their parents financially at some point, yet 97% of parents don't expect to need help. that's a oble nearly all of older parents and their grown children disagreed on whether a child will take care of their parents if they become ill, and adult children underestimate the value of their parents' estate by more than $100,000 on average. i think that's an issue across the country. do you want to counter that? >> no, not really. >> how are your parents? my parents are doing great. >> mine are gone. i got some new parents, actu
today, california is set to unveil a new attempt to limit greenhouse gases. the state is going to be holding its first sale of carbon emissions permits. experts say it's a landmark experiment that california hopes will serve as a model for other u.s. states and the federal government. a new survey finds that families are at odds over financial planning. fidelity investments finds that sharply conflicting expectations between older parents and their adult children. among the survey results. 24%...
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Aug 22, 2012
08/12
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we don't manufacture here in california. we can't import because of the requirements of our air pollution problems. >> reporter: the oil price information service says the biggest fallout isn't gas prices. >> refinery makes a lot of diesel jewel and jet fuel and the prices that i think in the second half of this year maybe they're not going to attract the attention of many americans but they're going to attract the attention of people who watch inflation because those are the number that is are going up. >> reporter: he says that when gas above $4 it impacts decision cession their spending. what do you think of gas prices? >> kind of high. >> reporter: they are. ucla forecast says that the refinery keeps gas 30 cents a gallon higher an shaves a half point of the growth for the year of california. back to you. >> driving like $100,000 s class mercedes. >> reporter: beautiful. i don't think it's his. i don't think it's his. >> whoa. that's an s. >> nice line. >> for someone at one of the studios. >> wait until he goes in to bu
we don't manufacture here in california. we can't import because of the requirements of our air pollution problems. >> reporter: the oil price information service says the biggest fallout isn't gas prices. >> refinery makes a lot of diesel jewel and jet fuel and the prices that i think in the second half of this year maybe they're not going to attract the attention of many americans but they're going to attract the attention of people who watch inflation because those are the number...
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Oct 31, 2012
10/12
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eberhart is constantly looking over his shoulder. >> narrator: in the late 1990s in northern california, a revolution is underway. >> internet excitement has created a wall street stampede. fortunes are being made every day. >> internet stocks today -- very hot. transformational industries can have some pretty big rides. this may just be the start of things. >> there was a very significant element of magical thinking going on in this world in the late '90s. >> narrator: during the dot-com boom, michael krantz works as a technology writer for time magazine in san francisco. >> everybody knew that there were fortunes being made all around them, and very, very few people really understood how these fortunes were being made or why, but they knew that if they didn't get their money in, they were gonna miss out. >> narrator: if a person was of the mind-set, it was the perfect place for fraud. >> experts like me were wrong over and over in saying, "this company's gonna be successful, that company won't." nobody knew. james eberhart, running around with his yes entertainment network package, ha
eberhart is constantly looking over his shoulder. >> narrator: in the late 1990s in northern california, a revolution is underway. >> internet excitement has created a wall street stampede. fortunes are being made every day. >> internet stocks today -- very hot. transformational industries can have some pretty big rides. this may just be the start of things. >> there was a very significant element of magical thinking going on in this world in the late '90s. >>...
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Oct 3, 2012
10/12
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let's go to robyn in california. >> hi, jim. booyah. i read that a rise in christmas shopping is expected this year. my question concerns mattel or other kid oriented stocks, whether they rise during the holiday season and what you think they will do this year. >> the fundamentals are more challenged than i like. the toy cohort did not have a good back to school season. mattel would be the one that i like. it has a 3.5% yield. the forecasts about holiday season is going to be, they are based on nothing. that is total thumb sucking. they ought to go bet on the browns. whatever, anyway, use the calendar to remind you when your anniversary is. not for investing. anyway, wow, try looking at the fundamentals, not your desk calendar. stay with cramer. >> coming up, cash crop? the midwest biggest drought in decades sent shares of mosaic up to 52 week highs. after failed earnings should you be harvesting your gains or doubling down? cramer talks exclusively to the ceo next. >> and later, retail rumble. wall street is at war over a big box giant
let's go to robyn in california. >> hi, jim. booyah. i read that a rise in christmas shopping is expected this year. my question concerns mattel or other kid oriented stocks, whether they rise during the holiday season and what you think they will do this year. >> the fundamentals are more challenged than i like. the toy cohort did not have a good back to school season. mattel would be the one that i like. it has a 3.5% yield. the forecasts about holiday season is going to be, they...
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Jun 26, 2012
06/12
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i think our only concern with the fresh market is the california markets are going to be a new. . >> causing a bit of heartbreak but overall they are in the right space. as far as the acquisition party, i think that is a definite possibility. close to 100, 110 stores. they have got plenty of room to grow. i think there have been some analyst reports that have suggested a company in california. >> we have to leave it there. just a quick scroll through the other calls in the show. burger king, texas road house, annie's and dean foods. >> dean foods has performed incredibly well. >> let's bling back an old favorite here. pops and drops. >> i think you can buy hog here. it's been down. you look at the recent pull back. it's on the simple fact, i think it can go down here. they are taking market share. >> up 4%. >> that space continues to move higher and higher. to me, that is the best play in the space right now. that is the exposure tonight general fertilizer. >> gdx, mike? >> the gold miners, etf is down. down close to 1%. a lot of people have looked at the miners and thought maybe the
i think our only concern with the fresh market is the california markets are going to be a new. . >> causing a bit of heartbreak but overall they are in the right space. as far as the acquisition party, i think that is a definite possibility. close to 100, 110 stores. they have got plenty of room to grow. i think there have been some analyst reports that have suggested a company in california. >> we have to leave it there. just a quick scroll through the other calls in the show....
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Sep 25, 2012
09/12
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it could soon be reality in california. no, it's not the automakers bringing it to the golden state. john ford is at google headquarters with the story. >> reporter: google and self-driving cars, california's governor about to sign a bill that moves those really close to being a reality for everybody else here in california. he's going to arrive here in just about 20 minutes. now, last year nevada signed a similar law that allowed self-driving cars on the road. that just went into effect this year. california is the big deal here because there are more than 30 million licensed vehicles on the road in california, making it the biggest state for cars by far. last month california -- sorry, google announced that more than 480,000 miles had been driven in the self-driving, driverless cars without an accident. that's a pretty big deal. they're hoping that this technology will spread. one thing to note, google uses these cars to collect map data, which is one advantage they've got over apple going forward in the maps mess. back t
it could soon be reality in california. no, it's not the automakers bringing it to the golden state. john ford is at google headquarters with the story. >> reporter: google and self-driving cars, california's governor about to sign a bill that moves those really close to being a reality for everybody else here in california. he's going to arrive here in just about 20 minutes. now, last year nevada signed a similar law that allowed self-driving cars on the road. that just went into effect...
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Dec 5, 2012
12/12
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california is a growth state. >> absolutely. people are starting to wake up at the "new york times." job creation we're number one, unemployment is coming down. the state are projecting a surplus for the state budget so stability would come in handy and we have all of these world class industries that are helping the country. we got to get the strike solved. >> that's a billion dollars a day. what is happening? >> a small number of people are holding it back. i think what they ought to do is go back to work while they mediate this thing. >> you are feeling better. i think the whole country is being tied up about this thing. >> beyond that, california housing prices are up. inventories are down. a number of good things are happening. >> we get a lot of publicity. we are really pleased. through this whole process, we stayed profitable. we bought rockdale investments here in new york and we bought another firm. broadened out and deepened our capabilities. and our bank with the number of bank purchases with the fdic. >> a lot of the
california is a growth state. >> absolutely. people are starting to wake up at the "new york times." job creation we're number one, unemployment is coming down. the state are projecting a surplus for the state budget so stability would come in handy and we have all of these world class industries that are helping the country. we got to get the strike solved. >> that's a billion dollars a day. what is happening? >> a small number of people are holding it back. i think...
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Oct 12, 2012
10/12
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this is common in california. >> so california is a big marketplace. >> i think it's very interesting. the u.s. government's already looking at having different servicing fees for different states, for example, judicial state where you can't foreclose. well that problem is the same for fannie and freddie as it is for a bank and if they can't get a hold of collateral on a loan, do you want to write production in that state, do you want to have different servicing fees and california is a nightmare. most people in the industry today do not understand what she's done. let me give you another example. say you get foreclosed in california. year goes by, house prices go up, you as the former debtor go back and sue the lender for personal injury under california law and most banks do not understand this. >> one comment the cfo at wells fargo tim sloan made comments. he pointed out the economic and interest rate environments continue to present challenges for us in our industry. what do you think about the financials? >> they made less, the net interest margins shrunk. >> and same with jp, th
this is common in california. >> so california is a big marketplace. >> i think it's very interesting. the u.s. government's already looking at having different servicing fees for different states, for example, judicial state where you can't foreclose. well that problem is the same for fannie and freddie as it is for a bank and if they can't get a hold of collateral on a loan, do you want to write production in that state, do you want to have different servicing fees and california...
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Aug 25, 2012
08/12
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. >> california. >> georgia. >> alaska. >> announcer: boo-yahs come from all across america. let cramer help you channel yours. weeknights. >>> let's talk the price is right. not the game show with bob barker. i'm talking about stocks here. want to make money from your stocks then it's critical to buy at the right price. that's true whether you are making short-term trade or purchasing something that if everything goes right you expect to hold it for years. the price matters. when you pay too much for a stock you make it difficult to rack up the big gains we can't get enough of on "mad money." you can have a fantastic a idea but if you get the price wrong you may not make money. i think price is underrated as determinant of successful investing which is why tonight i am giving the power of price its due. how do you find the best price to pull the trigger given how important i think it is. you have an advantage over those using a short term horizon. i'm talking about time. as the longer term investor you have all the time many the world. when you want to buy stock because you
. >> california. >> georgia. >> alaska. >> announcer: boo-yahs come from all across america. let cramer help you channel yours. weeknights. >>> let's talk the price is right. not the game show with bob barker. i'm talking about stocks here. want to make money from your stocks then it's critical to buy at the right price. that's true whether you are making short-term trade or purchasing something that if everything goes right you expect to hold it for years. the...
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Nov 27, 2012
11/12
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california or new jersey? >> in terms of what? >> all of this is a fine line in terms of taxation around the world. we have seen it drive rich people to places like luxenburg. >> it's not going to change. we become more and more like europe each and every day. >> well, if larry moved to lexmburg california is going to hurt. >>> lindsay lohan shares because she has bottomed. after the reviews from "liz&dick" there is only upside left. facebook shares may have bottomed, as well. >> you're not a believer in lindsay lohan's bottom? >> i want to be an optimist. >> and you picked lindsay lohan to do it? >> way to go, jane. see you tomorrow. >>> coming up next the traders are making the call on whether you should hold or fold. two big high flyers. stick around to get the trade. [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it's an
california or new jersey? >> in terms of what? >> all of this is a fine line in terms of taxation around the world. we have seen it drive rich people to places like luxenburg. >> it's not going to change. we become more and more like europe each and every day. >> well, if larry moved to lexmburg california is going to hurt. >>> lindsay lohan shares because she has bottomed. after the reviews from "liz&dick" there is only upside left. facebook...
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Jun 25, 2012
06/12
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even if they will do it in a big way, if you're in california, stay in california. maybe the western states but it's not a national business. if goldman sachs gets ahold of something, they freeze the market. >> you are an investor and you have $500,000 to put towards something, would you buy an apartment to rent? what is going to be the greatest upside from here. >> in your neighborhood, go buy two or three houses, whatever you can afford with that money. there is leverage available. if you have $500,000, go borrow another five. hold them for seven years and you will be a happy perp. >> just hold them? >> rent them. fix them up but not crazy because you will have to fix them up again when you put them on the market. >> it might be time to rethink your debt position of safe haven. why they are sounding the alarm on gold and treasuries. stay tuned. what happens when classroom teachers get the training... ...and support they need? schools flourish and students blossom. that's why programs like... ...the mickelson exxonmobil teachers academy... ...and astronaut sally ri
even if they will do it in a big way, if you're in california, stay in california. maybe the western states but it's not a national business. if goldman sachs gets ahold of something, they freeze the market. >> you are an investor and you have $500,000 to put towards something, would you buy an apartment to rent? what is going to be the greatest upside from here. >> in your neighborhood, go buy two or three houses, whatever you can afford with that money. there is leverage...
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Jul 7, 2012
07/12
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steve in california. steve. >> caller: hey, jim. boo-yah, california, in los angeles to you. >> oh, man. my old hometown. how can i help? >> caller: first, thanks for getting me back in the game. i have been on the sidelines for years. i'm reading your new book. i'm back in. thank you. >> that's what i want. you've got to get the dividends going. you can beat the stocks that don't have the dividends and you can beat cash. how can i help? >> caller: that's what i looking at. stocks that have good yield for my i.r.a. >> smart. >> caller: i have been reading the chapter on dividends. i want to figure out the difference between an accidental high yield achiever or something that's too good to be true. i have been doing the homework. i have a couple of stocks that look like they should be bought. i'm nervous. >> you've got to go to cash flow. you can't measure a stock based on earnings or you would have sold att a long time ago. you would have sold master limited partnerships i like. you need to look at cash flow not earnings. the earnin
steve in california. steve. >> caller: hey, jim. boo-yah, california, in los angeles to you. >> oh, man. my old hometown. how can i help? >> caller: first, thanks for getting me back in the game. i have been on the sidelines for years. i'm reading your new book. i'm back in. thank you. >> that's what i want. you've got to get the dividends going. you can beat the stocks that don't have the dividends and you can beat cash. how can i help? >> caller: that's what i...
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Oct 23, 2012
10/12
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g if ginnie in california >> this is ginnie from california calling from california and my partner knows it and he is okay with it. >> thank you so much. >> you have put me through fipgs al school and i have followed you since i took over my own accounts in 08 and i would not have been able to do what i've done. >> thank you for subscribing to action alerts. how can i help? >> okay. as an action alerts member i have followed you into many stocks. le the one i'm calling about today is one i bought now you don't mention it anymore. am i wrong about staying in iau? >> you are right. you are in great shape with that. i think that is about to rally. it has been doing nothing for a while. i thank you for watching the show and those kind words. you made my day. jeff in new jersey. >> hi jim. >> jeff? >> i'm with bonds for you. i just sold am at a profit and i'm looking inin ining at gold. what are your thoughts. >> i get the charts delivered to my door. i have no other life and it is clearly breaking out. i'm reluctant to tell you to transfer to barik. but the gld will be supreme. it is so righ
g if ginnie in california >> this is ginnie from california calling from california and my partner knows it and he is okay with it. >> thank you so much. >> you have put me through fipgs al school and i have followed you since i took over my own accounts in 08 and i would not have been able to do what i've done. >> thank you for subscribing to action alerts. how can i help? >> okay. as an action alerts member i have followed you into many stocks. le the one i'm...
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Jun 13, 2012
06/12
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>> i think so, you look at california, california has been shrinking spending and attacking a budget deficit. we have states in the united states that are fictions pensions and rebalancing, maria, and we have a count of half a million reduction in state and local government since this economic recovery is underway. i see more positive things on curing the fiscal jam in the united states than in europe for sure. >> but jeff you say the u.s. is heading toward the european style debt crisis, why? >> i would agree with your first guest that we are already there. this is 3,000 years of history that we go back to in the book. there are three ways to get out of a debt crisis. you default your way out, inflate your way out, or you replace it. so we're clearly on the road. you're looking at, you have, the fiscal policies that are paid -- the fiscal intents paving the road to monetary hell here, and it's just contributing to that. history clearly dictates this is where we are heading. >> go ahead, dave. >> there is a fourth way, maria, you grow an economy instead of shrinking it. >> that's not
>> i think so, you look at california, california has been shrinking spending and attacking a budget deficit. we have states in the united states that are fictions pensions and rebalancing, maria, and we have a count of half a million reduction in state and local government since this economic recovery is underway. i see more positive things on curing the fiscal jam in the united states than in europe for sure. >> but jeff you say the u.s. is heading toward the european style debt...
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Aug 16, 2012
08/12
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california, and i believe, yeah, they're the fifth, and then on the other side you have mississippi, new mexico, alabama. >> we're looking at the graphic right now in terms of the income tax impact. >> yeah, so there are some states that are really going to take a hit here, and again 29 out of 50 states the impact will be at least $2,000. >> well let congress know when they get back from that five-week vacation. jeff cox, stick around, we have a lot more ahead on this busy edition of "closing bell." >> coming up, status update, facebook investors get a chance to unload 270 million shares. is this bad news or a buying opportunity? two money managers weigh in straight ahead. and wasteful fun something are exorbitant government pensions draining us. and we look into the counterfeiting industry. who is feeling the pinch when you buy that fake handbag. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks yo
california, and i believe, yeah, they're the fifth, and then on the other side you have mississippi, new mexico, alabama. >> we're looking at the graphic right now in terms of the income tax impact. >> yeah, so there are some states that are really going to take a hit here, and again 29 out of 50 states the impact will be at least $2,000. >> well let congress know when they get back from that five-week vacation. jeff cox, stick around, we have a lot more ahead on this busy...